BSC Blue Index (BBI)
BBI is designed to measure the performance of the most popular decentralized finance protocols on the Binance Smart Chain.
Eligible index constituents are diversified across different categories, including mediums of exchange (PancakeSwap CAKE), yield optimization protocols (Sishi Finance SISHI), money market (Venus XVS), stable swap (Ellipsis EPS), and utility tokens (Trust Wallet TWT).
What is BBI token?
BBI token represents the ownership of assets or your share in pools. BBI token constituents are diversified across different categories, including mediums of exchange (PancakeSwap CAKE), yield optimization protocols (Sishi Finance SISHI), money market (Venus XVS), stable swap (Ellipsis EPS), and utility tokens (Trust Wallet TWT).
Each asset has its own weights assigned to them. Over time, the weights of assets in the pools are adjusted due to shifts in the performance and change of assets in the pools.
How to mint BBI token?
There are 2 options to mint BBI tokens.
Provide each of the underlying tokens within the pool.
Provide one of the underlying tokens within the pool.
Please review the slippage carefully when mints BBI
How to burn BBI token?
Burning BBI token is the process of exchange BBI to all underlying tokens or a single token in the pool. Burning BBI incurs a fee of 0.5% of the total amount burned. The fee is a source of revenue for Sishi Finance and saving into DAO Treasury.
Fees
There are two types of fees: swap fees and burn fees.
Swap fees 0.5% pay when users swap assets within the index pools.
BBI holders can sell their BBI tokens via DEXs like Pancake swap. This incurs no exit fees. However, when BBI holders burn or convert BBI to tokens in the pool, then the burn fees apply.
Burn fees 0.5% for exchange BBI to assets in the pools.
These fees save to Sishi treasury, and will use to develop Sishi's ecosystem and distribute to $SISHI token holders via the upcoming profit-sharing mechanism.
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